Group One Trading LLC boosted its stake in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Free Report) by 4,555.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,940 shares of the company’s stock after buying an additional 10,705 shares during the quarter. Group One Trading LLC’s holdings in ProShares Ultra Short Bitcoin ETF were worth $623,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. XTX Topco Ltd bought a new position in ProShares Ultra Short Bitcoin ETF during the 4th quarter valued at $247,000. Jump Financial LLC grew its stake in shares of ProShares Ultra Short Bitcoin ETF by 161.1% in the 4th quarter. Jump Financial LLC now owns 27,071 shares of the company’s stock worth $1,189,000 after acquiring an additional 16,703 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of ProShares Ultra Short Bitcoin ETF in the 4th quarter worth $226,000. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Short Bitcoin ETF in the fourth quarter valued at about $2,368,000. Finally, Client First Investment Management LLC purchased a new stake in shares of ProShares Ultra Short Bitcoin ETF in the fourth quarter valued at about $4,278,000.
ProShares Ultra Short Bitcoin ETF Price Performance
SBIT opened at $53.97 on Thursday. The company’s 50-day moving average is $56.21 and its 200 day moving average is $52.25. ProShares Ultra Short Bitcoin ETF has a fifty-two week low of $23.60 and a fifty-two week high of $76.51.
ProShares Ultra Short Bitcoin ETF Company Profile
The ProShares UltraShort Bitcoin ETF (SBIT) is an exchange-traded fund that is based on the Bloomberg Bitcoin index. The fund tracks -2x the daily price movements of an index that measures the price of Bitcoin. The fund uses swaps to provide inverse exposure to Bitcoin. SBIT was launched on Apr 2, 2024 and is issued by ProShares.
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